Business

Nigeria’s leading commercial bank, Sterling Bank Limited, has petitioned the Inspector General of Police (IGP) to address a series of fraudulent and malicious schemes of Miden Systems Ltd and its director, Dr. Brendan Innocent Usoro, who has resorted to using the National Assembly and the Police Force CID to harass the Bank in a blatant bid to to defy and evade compliance with a binding court-ordered debt settlement.

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with the goal of raising N200 billion in fresh capital. This would mark the second and final tranche of the Bank's capital raise exercise, supplementing the N40 billion raised in the first tranche, and ensuring the Bank surpasses the CBN minimum requirement for national banking authorization.

Heirs Insurance Group, Nigeria's fastest-growing insurance Group, has rolled out a project to empower underserved communities with the training and benefits inherent in upcycling, as part of its sustainability goals.

Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and Exchange Commission (SEC).